Eko India Financial Services Private Limited provides mobile-based platform for banking, savings, payment, merchant transactions, bill payment, and cash collection services.
PRODUCTS & SERVICES:
Mobile Banking, Cash Management, Money transfers, Payments - Provides all these services via local merchants who act as agents.
Currently the company is focused on developing wallet solutions and apps for consumer money transfer/remittances. (Fundu, an app that allows every user to be an ATM by leveraging NPCI's UPI infrastructure is in the alpha-testing phase)
Eko provides a low cost financial transaction alternatives at remote customer locations.
Viewable by subscribers only
Consumers and retailers
NPCI, ICICI bank, Yes bank, SBI, IndusInd, RBL - to power Eko Wallet services.
Business Correspondent for SBI and ICICI, as a distribution partner for Bharati AXA Life Insurance.
Pine labs - to provide money transfer services at POS.
Prabhu Money Group - To provide Indo-Nepal remittance services.
Eko provides banks and customers at remote locations with ways to do financial transactions without requiring to open branches and involving bank staff. Promotes financial inclusion services (targeted to the unbanked and underbanked).
MEDICI analysts will analyze Eko India Financial Services soon